The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion.
The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymaker around the world struggled to regulate an asset whose value has skyrocketed over the last year.
South Korean ministry of justice, Park Sang-ki, declared the government is preparing a bill to ban trading on domestic cryptocurrency exchanges
source
police raided a few exchanges, including Coinone and Bithumb in south korea .
these raids effect crypto world and the rates of the crypto falls down.
rate of Bitcoin falls upto 16%
Steem Doller
the rate of the steem doller increase more then our imaginations.
it falls nearly 22.79 % or more then that. yesterday i want to withdraw some SBD at that time rate of SBD is $8.30 now it decreased to $5.44
steem
Steem also decreased. steem decrease from $6.4 to $4.43 it nearly 17% decrease in steem price
this is the worst time for crypto.
I Need your opinions
Is it end of the crypto world ?
Will crypto survive from this desasotors ?
when will SBD increases to $10 again or it will fall again to $1 .?
How this incidents are affecting you life.
this was to be expected. the state will not tolerate loss of control. BUT this is not the end. There are States that had or have nothing to lose, or with smart leaders
but now it will be very difficult for crypto curriencies to increase specially SBD
it is very knowledgeable post.i think everybody like it.So amazine
you are welcome
thanks for info
please do not sell sbd and xxx at low price. Trust SBD and steem.we are reducing prices by acting like this. a little steady
what is xxx ?
I am not really familiar with cryptocurrency but, I am looking forward to knowing more. Thank you for the info.
you are welcome my friend
i don't think so it is the end off cryptocurrency. but its going down very fast.
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